Question

Penny makes $5,400 a month plus commission. She gets 3% of everything she sells. If Penny sold $62,000 worth of items this month, what is her salary for the month?

Answer 1

Answer:

Her salary for the month = $7260

Step-by-step explanation:

Given

• Base Salary = $5,400

• Amount sold = $62,000

• Percentage rate = 3%

To determine

• Salary for month = ?

Given that Amount sold = $62,000 and Percentage rate 3%

so

Salary from commission rate = Amount sold × Percentage rate

                                                = $62,000 × (3 / 100) = $1860

• Thus, the total salary can be calculated by adding Base salary and Salary from the commission rate.

so

Total salary = Base salary + Salary from commission rate

                   = $5,400 + $1860

                   = $7260

Hence, her salary for the month = $7260